NEW YORK (AP) -- Treasury yields are sinking as worries about Spain's economy send traders into the safety of U.S. government debt.
The surge in demand Monday briefly pushed the 10-year Treasury yield to an all-time low of 1.40 percent. When bond prices climb, yields fall.
Spanish government borrowing costs shot up Monday following news over the weekend that many regional governments would likely need support from the central government. The Spanish government is already struggling to rescue its banks as its economy shrinks.
Treasury yields slowly crept up during the trading day. In Monday afternoon trading, the 10-year yield is at 1.44 percent, down from 1.46 percent late Friday. Its price is up 21.8 cents for every $100 invested.
The yield on the two-year note slipped to 0.20 percent from 0.21 percent.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.